A Radical Financial Plan

A few years ago, Hugo and his wife Herta, created a radical new financial plan. They were in their seventies, retired, and their idea
was just a little reckless. “We said to each other, ‘Let’s say we live another 20 years — wouldn’t it be nice if we ran out of money on the last day?’” Hugo explains. “We thought that sounded good, so we asked each other, ‘Can we risk giving it away?’”

Working closely with their Gift Planning Consultant at Abundance Canada, Hugo and Herta agreed on a sum to give their children, and a matching amount for charity. The fun is deciding where it will go.

Now widowed, Hugo picks the charities to support that are close to his heart, as well as donates his time at his local foodbank. “I had always lived and worked in suburbia, and in retirement, I decided that I wanted a component of my volunteer time to be spent somewhere I rub shoulders with a totally different set of people.” An experience he finds wonderfully enriching.

Including charitable giving in your financial plan is a radical idea, but the benefits can prove to be profitable in many ways. A good starting point is to discuss how your philanthropic goals can be achieved with either your account- ant, financial advisor or a Gift Planning Consultant at Abundance Canada.

Abundance Canada is a public foundation. For more than 40 years, they have been assisting Canadians with their charitable giving during their lifetime and through their estate. Visit abundance.ca to learn more.